NetEase's Q1 Earnings: Gaming Giant Shows Resilience With Growth in Cash Flow and Cloud Music
NetEase's Q1 Earnings: Gaming Giant Shows Resilience With Growth in Cash Flow and Cloud Music
NetEase, Inc (NASDAQ:NTES) reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion.
網易公司（納斯達克股票代碼：NTES）報告稱，2024財年第一季度收入同比增長7.2％，達到37.2億美元（269億元人民幣），未達到分析師共識估計的37.9億美元。
The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79.
這家中國遊戲玩家調整後的EPADS爲1.81美元，超過了分析師普遍預期的1.79美元。
Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in revenue contribution from different platforms and revenues from NetEase's self-developed games.
細分市場和利潤率：遊戲及相關增值服務收入同比增長7.0％，達到30億美元。相應的毛利率增長了280個點子至69.5％，這要歸因於不同平台的收入貢獻以及網易自主開發遊戲的收入的變化。
Youdao, Inc.'s (NYSE:DAO) revenue climbed by 19.7% year over year to $192.8 million, but the corresponding gross margin declined by 270 bps to 49.0%, mainly due to increased revenue contribution from its online marketing services.
Youdao, Inc. 's（紐約證券交易所代碼：DAO）收入同比增長19.7％，至1.928億美元，但相應的毛利率下降了270個點子至49.0％，這主要是由於其在線營銷服務的收入貢獻增加。
Cloud Music's revenues were $281.1 million, up 3.6% year over year, and its gross margin expanded by 1,560 bps to 38.0%.
雲音樂的收入爲2.811億美元，同比增長3.6％，毛利率增長了1,560個點子至38.0％。
Innovative businesses and other revenue grew by 6.1% year over year to $272.8 million, and the gross margin increased by 800 bps to 33.4% due to improved gross profit margins from Yanxuan and several other businesses included within the segment.
創新業務和其他收入同比增長6.1％，達到2.728億美元，毛利率增長800個點子至33.4％，這要歸因於燕宣和該細分市場中包括的其他幾項業務的毛利率的提高。
As of March 31, 2024, NetEase held $15.7 billion in cash and equivalents and generated $1.3 billion in operating cash flow.
截至2024年3月31日，網易持有157億美元的現金及等價物，創造了13億美元的運營現金流。
Dividend: The board of directors has approved a dividend of $0.4950 per ADS for the first quarter of 2024.
股息：董事會已批准2024年第一季度每份ADS的股息爲0.4950美元。
"With a portfolio featuring premium-quality games and more diversification across genres, we are well-positioned to extend our exciting gaming experiences to audiences around the globe," said Mr. William Ding, Chief Executive Officer and Director of NetEase.
網易首席執行官兼董事威廉·丁先生表示：“憑藉以優質遊戲爲特色的產品組合以及更多樣化的遊戲類型，我們完全有能力將激動人心的遊戲體驗擴展到全球觀衆。”
NetEase stock gained over 17% in the last 12 months. Investors can gain exposure to the stock via VanEck Video Gaming And ESports ETF (NASDAQ:ESPO) and Global X Video Games & Esports ETF (NASDAQ:HERO).
網易股票在過去12個月中上漲了17％以上。投資者可以通過VanEck電子遊戲和電子競技ETF（納斯達克股票代碼：ESPO）和Global X電子遊戲和電子競技ETF（納斯達克股票代碼：HERO）獲得股票敞口。
Price Action: NTES shares traded lower by 3.62% at $94.80 premarket at the last check Thursday.
價格走勢：在週四的最後一次盤前支票中，NTES股價下跌3.62％，至94.80美元。
譯文內容由第三人軟體翻譯。